The Lakers have acquired a conditional second-round draft pick in 2013 from the Memphis Grizzlies for center Chris Mihm, it was announced on Wednesday by Lakers General Manager Mitch Kupchak.

Here’s the press release from L.A.

The Los Angeles Lakers have traded center Chris Mihm to the Memphis Grizzlies in exchange for a conditional 2nd round pick in the 2013 NBA Draft, it was announced today by General Manager Mitch Kupchak.

Mihm, currently in his 5th season with the Lakers, is averaging 2.0 points, 1.9 rebounds and 5.8 minutes in 18 games this year. His best campaign came in the 2005-06 season, when he averaged 10.2 points and 6.3 rebounds per game.

“The last two years have been difficult and frustrating for Chris in coming back from his ankle injury,” said Kupchak. “But Chris has handled himself with true professionalism the entire time. With the depth of our roster, especially at the center position, Chris has not had the opportunity to play that he deserves. At this point in his career, and especially as someone who will be a free agent this summer, we felt it was in his best interests to go to a team that would give him a chance to play. Chris has made significant contributions to our team over the past five years. We’d like to thank him and wish him the best of luck for the remainder of his career.”

Lakers head coach Phil Jackson is expected to address the trade further prior to Wednesday evening’s game at Golden State. We’ll have full coverage for you on Lakers.com.